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Irenic Capital

⭐ Priority · cloneable · 31-DEC-2025 → 31-MAR-2026

AUM $1,535,496,922 · 44 positions · top-10 67.9% · SEC filing history →

13FScore 48/100 — cloning their disclosed top holdings over ~3.4y returned +13%/yr vs S&P +19%/yr (alpha -6%/yr), ahead of the market in 43% of quarters. Cloneable 13F equity book only — excludes hedges/shorts/non-US.

New positions

Issuer% bookValueSince entryConvictionBusinessTags
$IWM · ISHARES TR21.1%$323,937,600+19%HighThe iShares exchange-traded fund family from BlackRock; under ticker EWY the fund tracks a South Korea equity index, holding large- and mid-cap Korean stocks.Bitget →
$SNAP · SNAP INC10.7%$164,516,700-2%HighSnap Inc. operates Snapchat, a camera and messaging app, generating revenue primarily from advertising and also selling augmented-reality products and hardware.
$TFX · TELEFLEX INCORPORATED6.8%$104,060,700+13%MedTeleflex designs and manufactures single-use medical devices used in vascular access, surgery, interventional cardiology, urology and respiratory care for hospitals and clinicians.
$NDQ · INVESCO QQQ TR2.4%$37,285,828MedAn exchange-traded fund (QQQ) that tracks the Nasdaq-100 Index, holding the largest non-financial companies listed on the Nasdaq stock market.
$CMP · COMPASS MINERALS INTL INC2.2%$33,519,602+26%MedProduces salt for highway de-icing and consumer use, along with plant-nutrition and specialty mineral products, from mines and solar-evaporation operations.
$AHRT · AH RLTY TR INC1.2%$19,171,037+28%Med
$HPE · HEWLETT PACKARD ENTERPRISE C1.2%$18,690,850+92%MedProvides enterprise information-technology infrastructure, including servers, storage, networking, edge computing and hybrid-cloud and as-a-service offerings, to businesses.S&PCitriniBitget →
$PAR · PAR TECHNOLOGY CORP1.1%$17,334,124+23%MedCitrini
$RYAM · RAYONIER ADVANCED MATLS INC1.0%$15,012,758-26%MedRayonier Advanced Materials produces high-purity cellulose specialties and other forest-based products used in filters, pharmaceuticals, food, and industrial applications.
$JANX · JANUX THERAPEUTICS INC0.7%$10,644,676+17%MedNASDAQCitrini
$ADEA · ADEIA INC0.3%$4,803,597+6%MedAdeia is an intellectual property licensing company that licenses media and semiconductor technology patents to consumer electronics, entertainment, and chip manufacturers.NASDAQ
$AVIR · ATEA PHARMACEUTICALS IN0.1%$1,623,141-9%MedNASDAQ
$FATE · FATE THERAPEUTICS INC0.1%$1,053,666+132%MedNASDAQ
UNIQURE NV0.1%$1,635,000MeduniQure is a Netherlands-based biotechnology company developing gene therapies for serious genetic diseases such as hemophilia and Huntington's disease.
$VOR · VOR BIOPHARMA INC0.0%$582,708+1%MedNASDAQ
$DH · DEFINITIVE HEALTHCARE CORP0.0%$71,448-38%MedHealthcare commercial intelligence data platformNASDAQCitrini

Added to (≥+25% shares)

Issuer% bookΔ sharesSince addConvictionBusinessTags
$RAL · RALLIANT CORP4.7%+424%+69%LowRalliant, a spinoff of Fortive, makes precision instruments and test and measurement technologies for industrial, aerospace, and electronics applications.
$FSLR · FIRST SOLAR INC3.7%+4020%+7%LowFirst Solar designs and manufactures thin-film cadmium telluride photovoltaic solar modules and provides utility-scale solar power solutions.NASDAQS&PCitrini
$ALKT · ALKAMI TECHNOLOGY INC2.7%+27%+14%LowAlkami Technology provides a cloud-based digital banking platform that banks and credit unions use to deliver online and mobile banking to their customers.NASDAQ
$SNDA · SONIDA SENIOR LIVING INC2.6%+1049%+27%LowSonida Senior Living owns and operates senior housing communities, including independent living, assisted living and memory care, primarily in the United States.Citrini
$SPSC · SPS COMM INC2.2%+32%+18%LowSPS Commerce provides cloud-based supply-chain management and retail-data software, including EDI and fulfillment tools that connect retailers, suppliers and logistics partners.NASDAQ
$WSR · WHITESTONE REIT1.3%+293%+18%LowCommunity retail shopping center REIT
$AIV · APARTMENT INVT & MGMT CO1.3%+29%-33%LowApartment real-estate investment (Aimco)
PEAKSTONE REALTY TRUST0.9%+100%LowPeakstone Realty Trust is a real estate investment trust that owns a portfolio of industrial and office properties leased to tenants under long-term net leases.
$CTRI · CENTURI HOLDINGS INC0.7%+97%-5%LowCenturi Holdings is a utility-infrastructure services company that builds and maintains natural-gas and electric distribution and transmission systems for North American utilities.
$SGRY · SURGERY PARTNERS INC0.6%+740%+34%LowSurgery Partners operates a network of ambulatory surgery centers and surgical hospitals in the US, providing outpatient and short-stay surgical and ancillary healthcare services.NASDAQ
$SARO · STANDARDAERO INC0.2%+299%+3%LowStandardAero provides aftermarket maintenance, repair and overhaul services for aircraft engines and components, serving commercial, business-aviation and military customers.
HIGHVIEW MERGER CORP0.2%+50%LowA special-purpose acquisition company (SPAC) — a blank-check entity that raised capital through an IPO to merge with and take a private company public.

Top holdings now

Issuer% bookSince entryBusinessTags
$IWM · ISHARES TR21.1%+19% Q1 '26The iShares exchange-traded fund family from BlackRock; under ticker EWY the fund tracks a South Korea equity index, holding large- and mid-cap Korean stocks.Bitget →
$SNAP · SNAP INC10.7%-2% Q1 '26Snap Inc. operates Snapchat, a camera and messaging app, generating revenue primarily from advertising and also selling augmented-reality products and hardware.
$ITGR · INTEGER HLDGS CORP7.2%+22% Q4 '25A medical-device outsource manufacturer that designs and produces components and devices for cardiac, neuromodulation, vascular and other medical applications.
$TFX · TELEFLEX INCORPORATED6.8%+13% Q1 '26Teleflex designs and manufactures single-use medical devices used in vascular access, surgery, interventional cardiology, urology and respiratory care for hospitals and clinicians.
$RAL · RALLIANT CORP4.7%+38% Q4 '25Ralliant, a spinoff of Fortive, makes precision instruments and test and measurement technologies for industrial, aerospace, and electronics applications.
$SHC · SOTERA HEALTH CO4.1%+113% Q4 '22Sotera Health provides outsourced sterilization, lab testing and advisory services to medical device and pharmaceutical companies through its Sterigenics, Nordion and Nelson Labs businesses.NASDAQ
$RSVR · RESERVOIR MEDIA INC3.9%+70% Q2 '23Music publishing and rights managementNASDAQ
$FSLR · FIRST SOLAR INC3.7%-19% Q4 '25First Solar designs and manufactures thin-film cadmium telluride photovoltaic solar modules and provides utility-scale solar power solutions.NASDAQS&PCitrini
$TBPH · THERAVANCE BIOPHARMA INC2.9%+57% Q4 '22Specialty respiratory pharmaceuticalsNASDAQ
$ALKT · ALKAMI TECHNOLOGY INC2.7%-22% Q4 '25Alkami Technology provides a cloud-based digital banking platform that banks and credit unions use to deliver online and mobile banking to their customers.NASDAQ

Since entry / add = price change to the latest close (31-MAR-2026 book marked to market). Top holdings measure from the quarter-end when the name first entered the filer's disclosed top holdings (tagged e.g. Q1 '26); new & added positions measure from this quarter's quarter-end. Based on disclosed 13F snapshots — an approximation of entry, not the manager's actual cost basis. Generated 2026-07-20 · Alpha-Investor tracker